If you think that President Obama will fix the mess that George W. Bush left us with, you might want to think again.
An article by Jim Babka at DownsizeDC.org reminds us of another good man who was appointed to power, and how his power contributed to this mess George W. Bush left us with. I’m talking about Alan Greenspan, who used to espouse sound-money principles, but who changed his tune once he joined the Fed.
What happened? The power of his office corrupted him.
Alan Greenspan was one of the many contributors to the boom and bust cycle in general, and to the current boom and bust in particular. Greenspan clearly knew better…
The free market philosophy was the victim of Greenspan’s betrayals, and now, like a battering husband, Greenspan has blamed the victim for the consequences of what he did.
The politicians will use this final betrayal to further expand their power, reduce your freedom, and increase government meddling in the economy. They will be able to use the words of the “great free market guru,” Alan Greenspan, to justify their actions.
It works the same for any office, even the presidency. Don’t expect Obama to be able to do anything to fix the mess past presidents have left us with. In fact, expect the opposite. Expect things to get much worse. Expect Obama to infringe our civil liberties more, to restrict free speech more, to demand more and more power for federal agents, and then to blame us for all of it. Because he’s not a god; he’s just another mortal man, a man with power.
-TimK
